Japanese Yen Rises During Global Uncertainty

By Charles Kurth

17th May, 2012

Good news emerges from Japan as above-par production figures were released earlier today and have helped boost outbound currency-exchange rates on the Yen.

The release for Japanese industrial production figures surpassed original estimates for 1% for March with 1.3% month-on-month growth. The data given by the Ministry of Economy, Trade and Industry provides a benchmark for the manufacturing sector and the bullish results have helped push trading prospects moving forward.

There has been an increasing speculation that the Yen is a safe haven for investors as Japan have notoriously low lending rates, follow a similar trading pattern the USD and continues to strengthen amidst a time of relative global downturn.

Incorporated in England no. 5082565. Foreign Currency Direct plc is authorised by the Financial Conduct Authority under the Payment Service Regulations 2009 [FRN 538392] for the provision of payment services.